Growthpoint Properties reports solid 13.5% growth in interim distribution
Exceeding budgeted expectations, South Africa’s largest JSE-listed property company declared a distribution of 51,1 cents per linked unit for the six month period to 31 December 2007, compared to the 45 cents per linked unit in the comparable period
Growthpoint seals R220 million of leasing deals in Durban in 2007
The leasing team at Growthpoint's Durban regional office concluded commercial property leasing deals in excess of R220 million during 2007
Growthpoint Properties ups its Cape Town leasing activity by 45% in 2007
The past 12 months saw a dramatic upswing in leasing activity for Growthpoint Properties Limited in the Western Cape region with deals concluded increasing by 45% over 2006
PropTrax effects first distribution in a market considered rich with opportunities
Property Index Tracker Collective Investment Scheme in Securities (PropTrax) has effected its first dividend distribution of 61.13 cents per PropTrax SAPY security
Local still lekker
Despite the nine interest rate increases since mid-2006, South African property investors are sitting rather pretty compared to their American, British and European counterparts.
Foreigners climbing in
Offshore Investors are finally starting to buy South African listed property's growth story as the R100bn sector begins to offer the size and liquidity required by overseas asset managers
Recent Loan Stock Property Transactions
The PLSA summarises the latest transactions in the sector
Listed Real Estate Sector likely to draw more Foreign Investors
The South African listed real estate sector is likely to see foreign investment increase from the current low 3%, says Craig Ewin, CEO of SA Corporate Real Estate Fund, the country’s third largest listed real estate fund
Investec prop deal unconditional
Specialist banking group Investec (INP, INL) said on Thursday the disposal of the property fund management and property administration businesses of Investec Property Group Limited is now unconditional
Growthpoint raises R1.65 billion to fund growth
Growthpoint Properties Limited, South Africa’s largest listed property company with property assets exceeding R22 billion and a market capitalisation of close to R17 billion, today announced that it has successfully raised R1.65 billion to fund acquisitions and developments in progress
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.